Finance ministers pass the buck on climate aid, again

EU finance ministers meeting in Luxembourg on Tuesday failed to agree on Europe's contribution to financing climate mitigation and adaptation efforts in developing countries, a decisive issue for striking a deal on a successor to Kyoto in December.

It will now be left to European leaders meeting in Brussels at the end of October to sort out unresolved issues. This is the second time finance ministers have passed the buck on the issue days before an EU summit. Sweden's finance minister Anders Borg said the outcome was "disappointing".

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